Various national Press and TV media have again asked VIVA to comment in the past few days about the Greek crisis and the Euro currency issue affecting our Spanish property market. There was no short reply, and we couldn’t spend hours talking to them all, so this was our considered and rather long written response.
Phew… What an incredible drama and what an unbelievably stressful time we have all been through since the whole Greek crisis began to unveil itself some 19 months ago and almost spin out of complete control in the past 19 days.
Incredible frustration we know…
In the past two months, within VIVA we have seen record numbers of viewings for our properties from clients all over Europe. We know from our business history, from our website traffic and from the overall downturn in Spanish property sales over the past 5 years that there is now a huge reservoir of people, who are our clients, that are now eager and wanting to make their move into the market and buy.
Everyone knows that prices have been brought down to levels that would have been thought impossible to see. Developers, Banks and Private Vendors who feel they now simply have to sell, have reduced their prices to do exactly that: Sell.
As a result of this, in the first part of October, continuing from a really successful summer, VIVA saw its best sales performance in the past 5 years with properties being sold every single day.
Then coming to the boil, the Greek crisis that has been ever present like the elephant in the room for the past year and half, came crunching to our and everyone else’s door, and for a moment, or 19 days, almost slammed it shut. We then sold a property every four days instead of daily… Continue Reading